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18 Mar 2015

Chinese smart- phones continues to infiltrate Egyptian market

Competition among smart-phone companies in the Egyptian market has reached its peak, as demand for Chinese phones increased while the market shares of other manufacturers decrease.


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18 Mar 2015

Ministry of Communications to launch 2 new IT projects

The Ministry of Communications and Information Technology offered a tender to supply devices for the electronic document-archiving system for the Information and Decision Support Center (IDSC). According to the ministry, the financial and technical bids will be viewed on 22 March.

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18 Mar 2015

GE Plans $200 Million Factory in Egypt

A $200 million GE manufacturing and training facility is expected to open in Suez, Egypt in the coming years, the company announced in Sharm El-Sheikh on March 13. In this facility, workers will be trained to manufacture a wide variety of products for the power generation, water, oil and gas, aviation, rail transportation and renewables"......

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18 Mar 2015

Egypt is 'highly sensitive' to any project to hold Nile water: Irrigation minister

Egypt has repeatedly voiced concern that Ethiopia’s Renaissance Dam on the Blue Nile, when finished, will reduce its water supply.

Egyptian irrigation minister Hossam Moghazi stressed that Egypt is “highly sensitive” towards any project to store Nile water in upstream countries, as it might diminish the country’s water supply,...

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18 Mar 2015

Egypt will require tourists to obtain visas in advance

Individual tourists who are traveling to Egypt will have to obtain a visa in their home country beforehand, beginning on May 15. The change could be bad news for the tourism industry that has struggled to improve since the 2011 uprising.


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18 Mar 2015

Egypt's urban authority approves Madinaty settlement

The government last year approved an amendment to the investment law that prevents third parties from challenging contracts signed between the government and investors.

Egypt's New Urban Communities Authority approved the settlement with real estate developer Talaat Moustafa Group (TMG) over the Madinaty land dispute, the minister of housing, Moustafa...

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18 Mar 2015

Allianz Egypt opens new Branch in Alexandria

Allianz, one of the largest financial services providers in the world continues its investment activities in Egypt.


Allianz Egypt, a subsidiary of Allianz S.E, has recently moved to its new, spacious premises in the prestigious San Stefano district in Alexandria. The new offices were officially inaugurated with"......

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18 Mar 2015

Malaysia Offered Same Financial Package As Egypt For Rafale Procurement

French aircraft manufacturer, Dassault Aviation, says Malaysia is being offered a financial package similar to that given to Egypt, for procurement of its Rafale jet fighter.

Dassault Chief Executive Officer Eric Tappier said the package entails a ten-year repayment loan from a French commercial bank and guaranteed by the government of France.

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18 Mar 2015

Toshiba Tec Wins an iF Design Award for the B-FV4D Desktop Label Printer

Toshiba Tec (TOKYO:6588), a leading provider of technology solutions announces that the B-FV4D desktop label printer has won an “iF Product Design Award”. This award, judged and issued by the International Forum Design GmbH (iF) is recognised as one of the most prestigious design"...

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18 Mar 2015

Wipro Takes Minority Stake in Drivestream Inc. – Invests USD 5 Million

Wipro Limited (NYSE:WIT) and Drivestream Inc. today announced that they have signed an agreement to enter into a strategic partnership to build an integrated Cloud Solutions stack for customers. As part of this arrangement, Wipro is investing USD 5 million in Drivestream Inc., a leading"...

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